CSLM Digital Correlations
| KOYN Stock | 9.95 0.01 0.10% |
The current 90-days correlation between CSLM Digital Asset and NewHold Investment Corp is 0.21 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CSLM Digital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CSLM Digital Asset moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
CSLM Digital Correlation With Market
Good diversification
The correlation between CSLM Digital Asset and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CSLM Digital Asset and DJI in the same portfolio, assuming nothing else is changed.
Moving together with CSLM Stock
Moving against CSLM Stock
| 0.78 | GPAEF | Grupo Aeroportuario del | PairCorr |
| 0.65 | DC | Dakota Gold Corp | PairCorr |
| 0.64 | ONDS | Ondas Holdings Aggressive Push | PairCorr |
| 0.48 | PBAJ | Petro Usa | PairCorr |
| 0.44 | TORO | Toro | PairCorr |
| 0.43 | NGENF | NervGen Pharma Corp | PairCorr |
| 0.38 | HIRU | Hiru | PairCorr |
| 0.37 | LION | Lionsgate Studios Holding | PairCorr |
| 0.32 | ALVLF | Big Ridge Gold | PairCorr |
| 0.71 | GSVRF | Guanajuato Silver | PairCorr |
| 0.65 | URBN | Urban Outfitters | PairCorr |
| 0.49 | RCRUY | Recruit Holdings | PairCorr |
| 0.39 | CALC | CalciMedica, Common Stock | PairCorr |
| 0.37 | WSBK | Winchester Bancorp, | PairCorr |
| 0.34 | PFE | Pfizer Inc | PairCorr |
| 0.33 | RIVN | Rivian Automotive Sell-off Trend | PairCorr |
| 0.33 | IMTL | Image Protect | PairCorr |
Related Correlations Analysis
| 0.67 | 0.0 | -0.8 | 0.0 | 0.06 | -0.89 | NHIC | ||
| 0.67 | 0.0 | -0.45 | 0.0 | 0.24 | -0.65 | OACC | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | GIWWU | ||
| -0.8 | -0.45 | 0.0 | 0.0 | 0.14 | 0.79 | WTF | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | SVAC | ||
| 0.06 | 0.24 | 0.0 | 0.14 | 0.0 | -0.1 | PMTR | ||
| -0.89 | -0.65 | 0.0 | 0.79 | 0.0 | -0.1 | TONX | ||
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between CSLM Stock performing well and CSLM Digital Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze CSLM Digital's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NHIC | 0.12 | 0.02 | (0.22) | 0.55 | 0.00 | 0.39 | 1.66 | |||
| OACC | 0.18 | 0.00 | (0.19) | 0.01 | 0.21 | 0.47 | 1.52 | |||
| GIWWU | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WTF | 4.62 | (0.92) | 0.00 | (1.98) | 0.00 | 8.92 | 31.36 | |||
| SVAC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PMTR | 0.34 | (0.03) | (0.15) | (0.02) | 0.43 | 0.76 | 3.29 | |||
| TONX | 4.73 | (1.72) | 0.00 | (0.60) | 0.00 | 9.41 | 29.76 |